{"id":6818,"date":"2023-03-22T07:11:42","date_gmt":"2023-03-22T07:11:42","guid":{"rendered":"https:\/\/www.btse.com\/blog\/?p=6818"},"modified":"2023-05-19T09:38:47","modified_gmt":"2023-05-19T09:38:47","slug":"btse-will-list-polkadots-canary-network-kusama-ksm","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/btse-will-list-polkadots-canary-network-kusama-ksm\/","title":{"rendered":"BTSE Will List Polkadot\u2019s Canary Network \u2013 Kusama (KSM)"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">BTSE will add Kusama (KSM) on its platform on Thursday, March 23, 2023, adding to its users&#8217; selection of quality digital assets. Additionally, KSM will be listed on BTSE\u2019s wider ecosystem of 10+ white-label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade KSM via the KSM\/USDT and KSM\/USDC trading pairs.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Key Dates<\/b><\/h2>\n<p>1. <a href=\"https:\/\/www.btse.com\/en\/wallets\/action\/deposit\"><span style=\"font-weight: 400;\">Deposits<\/span><\/a><span style=\"font-weight: 400;\"> and withdrawals enabled: 8:00 AM (UTC) on March 23, 2023 (supported network: Kusama)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2. Trading enabled: 8:00 AM (UTC) on March 23, 2023<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>About Kusama (KSM)<\/b><\/h2>\n<p><iframe loading=\"lazy\" title=\"#BTSE Decrypting KSM: Exploring the Native Cryptocurrency of Kusama\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/r830dzlR2AU?feature=oembed\"  allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Market Cap: $287,593,584<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Total Supply: 9,651,217<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Circulating Supply: 8,470,098 KSM<\/span><\/p>\n<p><a href=\"https:\/\/kusama.network\/\"><span style=\"font-weight: 400;\">Kusama<\/span><\/a><span style=\"font-weight: 400;\">, often dubbed &#8220;Polkadot&#8217;s wild cousin,&#8221; is an avant-garde blockchain platform devised to furnish developers with a highly scalable and interoperable framework that supports accelerated innovation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kusama shares a strikingly similar codebase with Polkadot, one of the most successful interoperable blockchain ecosystems. Kusama identifies itself as a &#8220;canary network,&#8221; granting fast-paced projects access to a sharded network that boasts advanced scalability, interoperability, and features yet to be seen on Polkadot.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The platform serves as a proving ground for developers eager to innovate and deploy their bespoke blockchains. It can be leveraged as a preparatory network before transitioning to Polkadot; however, numerous projects ultimately choose to remain on Kusama for their final deployment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kusama appeals to early-stage startups and experimental endeavors due to its low entry barriers for deploying parachains, minimal bond requirements for validators, and a dynamic environment that fosters creativity and risk-taking.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The KSM token, native to Kusama, provides a multitude of utilities within the ecosystem, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Governance: KSM holders can participate in decision-making, proposing and voting on network upgrades, modifications, or enhancements.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Staking: Users can stake their KSM tokens to support network security and earn rewards in return.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bonding: Developers must lock up (or &#8220;bond&#8221;) KSM tokens to secure a parachain slot on the Kusama network via a parachain auction.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Fee Payment: KSM tokens are used to pay for transaction fees and other network-related services.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Crowdloans: KSM holders can support projects by lending their tokens in crowdloans, which help projects secure parachain slots. In return, supporters may receive project tokens or other incentives.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Sign up for a BTSE account <a href=\"https:\/\/www.btse.com\/en\/register\">here<\/a>.<\/p>\n<p><span style=\"font-weight: 400;\">Trade on the go \u2014 download the <\/span><a href=\"https:\/\/www.btse.com\/en\/app?utm_source=blog&amp;utm_medium=corporate_content&amp;utm_campaign=token_listings&amp;utm_content=mobile_app\"><span style=\"font-weight: 400;\">BTSE mobile app<\/span><\/a><span style=\"font-weight: 400;\"> (iOS\/Android)<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><i>Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0<\/i><a href=\"mailto:feedback@btse.com\"><i>feedback@btse.com<\/i><\/a><i> or on Twitter @BTSE_Official.<\/i><\/p>\n<p class=\"p1\"><i><span style=\"font-weight: 400;\">Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/span><\/i><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BTSE will add Kusama (KSM) on its platform on Thursday, March 23, 2023, adding to its users&#8217; selection of quality digital assets. Additionally, KSM will be listed on BTSE\u2019s wider ecosystem of 10+ white-label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade KSM via the KSM\/USDT and KSM\/USDC trading pairs.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BTSE Will List Polkadot\u2019s Canary Network \u2013 Kusama (KSM) &#8212; BTSE Blog<\/title>\n<meta name=\"description\" content=\"BTSE will add Kusama (KSM) on its platform on Thursday, March 23, 2023, adding to its users&#039; selection of quality digital 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